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Deloitte: A new mantra for Australian miners

By Rob Starr, Content Manager, Big4.com

A deceleration in capital investment is set to be one of the key challenges facing miners over the next year according to Deloitte’s recently released Tracking the Trends 2013. The annual report considers the top ten issues likely to impact the global mining industry in the coming year and identified rising costs, demand uncertainty and resource nationalism as some of the other key concerns likely to place pressure on the sector during 2013.

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Deloitte Australia consulting partner, Mike McNulty, said that shrinking margins were presenting challenges for project owners, but a new mantra of ‘quality over quantity’ would help the Australian mining industry remain buoyant well into the future.

“Major miners have responded to recent changes in market conditions by deferring major projects and looking at alternate ways to both finance and develop these projects,” Mr McNulty said.

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